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Shawn Sebastian 🐺 Profile picture
Shawn Sebastian 🐺
@shawnsebastian
Progressive Iowan, Senior Strategist Rural #GreenNewDeal with @PplsAction. Formerly Director of Fed Up, advocating full employment. Always @workingfamilies 🐺
Mar 25, 2018 • 32 tweets • 27 min read
Yesterday @NickTimiraos broke the news that John Williams is the frontrunner for president of the @NewYorkFed.

If true, a compromised process ignored the public & resulted in a white, male insider, more hawkish than Dudley, and an ineffective regulator.

wsj.com/articles/san-f… I told @bencasselman that selecting Williams for the @NewYorkFed would be "deeply disappointing and a missed opportunity.”

This is the most powerful position that Trump doesn't control.

We deserve better.

nytimes.com/2018/03/24/bus…
Mar 9, 2018 • 19 tweets • 18 min read
Just #10YearsAfter the financial crash and Wall St is pushing amnesia about what they did.

THREAD on why the @NewYorkFed is the most powerful position Trump doesn't control, and with the #BankLobbyistAct, could be a last line of defense against another crash. The @NewYorkFed supervises and regulates the biggest banks in the world. It failed miserably in catching the meltdown. Why? The @NewYorkFed's own study said it was because they were too deferential to the banks. No one was willing to stand up to Wall St.

psmag.com/news/inside-fe…
Jan 28, 2018 • 35 tweets • 16 min read
1. It's NOT time for some game theory when it comes to Jay Z v. @realDonaldTrump on the issue of black unemployment, because -- like so many things involving Trump -- it's not complicated, it's just so wrong in so many ways.. So unfortunately, we need a THREAD. 2. Here's some categories: a. Trump doesn't deserve the credit for low unemployment. Yellen (the woman he essentially fired) does. b. These numbers don't tell the whole story and they should be a lot better. c. Trump's policies are consistently anti-jobs (and black jobs).